reporter2
05-01-12, 20:17
http://www.straitstimes.com/Singapore/Story/STIStory_751930.html
Hougang DBSS flats going on sale
Prices range from $359k to $706k at 680-unit project being launched tomorrow
Published on Jan 5, 2012
By Daryl Chin
FLAT hunters hoping to live in Hougang have a new Design, Build & Sell Scheme (DBSS) project to check out.
Parkland Residences, a 680-unit development, will go on sale tomorrow, with prices ranging from $359,000 to $706,000.
DBSS flats, designed and sold by private developers, typically come with fittings and better designs than standard build-to-order (BTO) Housing Board flats.
Recent DBSS launches in Bedok and Clementi offered flats whose prices ranged from $375,000 to about $770,000.
In a statement yesterday, a spokesman for developer Low Keng Huat pointed to strong sales in similar projects and high resale transactions in the area as a 'strong testimonial' of sustainable demand for public housing in Hougang.
Three-room units will cost between $359,000 and $404,000, and four-room types from $485,000 to $571,000.
A standard five-room flat will cost from $606,000 to $676,000 while a premium version, with an additional bedroom, is priced from $608,000 to $706,000.
The development is near the junction of Hougang Avenue 8 and Upper Serangoon Road and close to Hougang MRT station. Apart from facilities like barbecue pits and a fitness corner, the estate will also have an eating house and a minimart.
Mr Eugene Lim, key executive officer of ERA which is marketing the property, said prices are comparable to resale flat prices in the area.
For instance, resale three-room flats start from $350,000 while resale five-room units can cost as much as $610,000.
'As it is next to Punggol Park, the location will also offer a good view of the surroundings,' he said.
Flat hunter James Lum, 28, a financial analyst, said he was keen to check out the showflat but would also carefully weigh his options, 'especially now that resale flat prices seem to be slowing down'.
SLP International's head of research Nicholas Mak expects the response to be fairly good despite an expected economic slowdown and a spate of BTO launches.
'It's more expensive than comparable resale flats, but given that buyers get a fresh lease in a brand-new building, they would get what they paid for,' he noted.
With the impending launch of the Hougang development, there is only one more DBSS project - in Pasir Ris - that prospective buyers can consider after the Government halted DBSS land sales in July last year.
The move was prompted by public unhappiness over the original price tag of $880,000 for a Centrale 8 DBSS unit in Tampines.
SingXpress Land, which bought the plot in Pasir Ris last year, said no launch date had been decided.
Mr Moe Chan, SingXpress Land's executive director, estimated that there would be about 450 units but said prices were not yet available.
[email protected]
Hougang DBSS flats going on sale
Prices range from $359k to $706k at 680-unit project being launched tomorrow
Published on Jan 5, 2012
By Daryl Chin
FLAT hunters hoping to live in Hougang have a new Design, Build & Sell Scheme (DBSS) project to check out.
Parkland Residences, a 680-unit development, will go on sale tomorrow, with prices ranging from $359,000 to $706,000.
DBSS flats, designed and sold by private developers, typically come with fittings and better designs than standard build-to-order (BTO) Housing Board flats.
Recent DBSS launches in Bedok and Clementi offered flats whose prices ranged from $375,000 to about $770,000.
In a statement yesterday, a spokesman for developer Low Keng Huat pointed to strong sales in similar projects and high resale transactions in the area as a 'strong testimonial' of sustainable demand for public housing in Hougang.
Three-room units will cost between $359,000 and $404,000, and four-room types from $485,000 to $571,000.
A standard five-room flat will cost from $606,000 to $676,000 while a premium version, with an additional bedroom, is priced from $608,000 to $706,000.
The development is near the junction of Hougang Avenue 8 and Upper Serangoon Road and close to Hougang MRT station. Apart from facilities like barbecue pits and a fitness corner, the estate will also have an eating house and a minimart.
Mr Eugene Lim, key executive officer of ERA which is marketing the property, said prices are comparable to resale flat prices in the area.
For instance, resale three-room flats start from $350,000 while resale five-room units can cost as much as $610,000.
'As it is next to Punggol Park, the location will also offer a good view of the surroundings,' he said.
Flat hunter James Lum, 28, a financial analyst, said he was keen to check out the showflat but would also carefully weigh his options, 'especially now that resale flat prices seem to be slowing down'.
SLP International's head of research Nicholas Mak expects the response to be fairly good despite an expected economic slowdown and a spate of BTO launches.
'It's more expensive than comparable resale flats, but given that buyers get a fresh lease in a brand-new building, they would get what they paid for,' he noted.
With the impending launch of the Hougang development, there is only one more DBSS project - in Pasir Ris - that prospective buyers can consider after the Government halted DBSS land sales in July last year.
The move was prompted by public unhappiness over the original price tag of $880,000 for a Centrale 8 DBSS unit in Tampines.
SingXpress Land, which bought the plot in Pasir Ris last year, said no launch date had been decided.
Mr Moe Chan, SingXpress Land's executive director, estimated that there would be about 450 units but said prices were not yet available.
[email protected]